Manikandan Narayanan
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Articles
Recent activity by Manikandan Narayanan-
Processing Discrepant Documents in Export L/C
Letters of credit (LC) often do not work out as planned, and this is usually because the documents provided in support of a claim under the letter of credit do not meet the conditions (and so becom...
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Correct Drawing in Export L/C?
Letters of credit (LC) often do not work out as planned, and this is usually because the documents provided in support of a claim under the letter of credit do not meet the conditions (and so becom...
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Settle Usance Documents at Maturity in Export L/C
A Usance or a Deferred Letter of Credit is also called as Term Letter of Credit. The Letter of credit that is payable at a predetermined or future point following the conditions in the LC being ful...
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Send, Accept and Settle Documents in Export L/C - BETPAY
When the document sets are received under the Export L/C, further handling is done in the below ways, To only send the documents without settling that have been presented and checked. To send an...
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Assignment of Proceeds in Export L/C
The 'Assignment of Proceeds' means when a beneficiary of an Export L/C transfers/assigns all or part of his proceeds(Amount) from the Export L/C to other parties at any time during the term of the ...
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Commissioning in Export L/C
The Commission plays a vital role for every transactions. The banks will receive the commission for their service provided on each of the transactions. This commissions are calculated and settled f...
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Receiving Documents in Export L/C?
A Letter of Credit is an undertaking by the bank issuing it to pay the beneficiary of the credit provided stipulated documents are presented and other terms and conditions of the LC are complied ...
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Advising Documents in Export L/C?
There is a possibility for the banks to receive the electronic swift message first before receiving the actual physical documents for presentation. In that case, the following types of advices are ...
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Transferring the Issuing Bank in Export L/C
The Transferring a Party refers to the obligation that is been transferred from one party to another party including the rebooking of liability. The Liability is booked out of the account of the O...
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Advising/Confirming an Export L/C
Advising: When a Letter of Credit (LC) is issued, the LC Issuing Bank sends the LC either to its branch office or correspondent bank, which is normally located in the seller’s (beneficiary) countr...